Transcript of the Earning Conference call for Q1FY27 held on 10th August 2026

Date: 14th August 2026 The National Stock Exchange of India Ltd. BSE Limited The Calcutta Stock Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Exchange Limited Bandra Kurla Complex Towers, Dalal Street 7, Lyons Range Bandra (E), Mumbai - 400 051 Mumbai - 400 001 Kolkata - 700 001 [Symbol: EVEREADY] [ Scrip Code: 531508] [Scrip Code: 000029] Dear Sirs / Madam, Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Transcript of Earnings Conference Call – Q1 FY27 In continuation to our letters dated 31st July 2026 and 10th August 2026 and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the Earnings Conference Call for Q1 FY27 held on 10th August 2026. The transcript of the Earnings Call is available on the website of the Company at: https://www.eveready.in/investors/#investor-meet-call. This is for your information and record. Yours sincerely, For Eveready Industries India Limited Shampa Ghosh Ray Company Secretary Encl: as above Eveready Industries India Limited Q1 FY27 Earnings Conference Call August 10, 2026 MANAGEMENT: MR. ANIRBAN BANERJEE – CHIEF EXECUTIVE OFFICER MR. BIBEK AGARWALA – EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER MR. ANIRBAN GHOSH – GM FINANCE AND HEAD OF INVESTOR RELATIONS MODERATOR: MR. PARTH CHAUHAN – ADFACTORS PR Eveready Industries India Limited August 10, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Eveready Industries India Limited Q1 FY '27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this call is being recorded. I now hand the conference over to Mr. Parth Chauhan from Adfactors PR. Thank you, and over to you, sir. Parth Chauhan: Good evening, everyone. Thank you, and welcome to Eveready Industries India Limited Q1 FY '27 Earnings Conference Call. We have with us Mr. Anirban Banerjee, Chief Executive Officer; Mr. Bibek Agarwala, Executive Director and Chief Financial Officer; and Mr. Anirban Ghosh, GM, Finance and Head of Investor Relations. Before we proceed with the call, I would like to mention that some of the statements made in this call may be forward-looking in nature and may involve risks and uncertainties that are difficult to predict. The company undertakes no obligation to update any forward-looking statements to reflect developments that occur after the statement is made. Documents related to the company's financial performance, including the investor presentation have been uploaded on the stock exchanges and the company's website. I now hand over the conference call to Mr. Anirban Banerjee for the opening remarks. Thank you, and over to you, sir. Anirban Banerjee: Thank you. Good evening, everyone, and thank you for joining us for Eveready Industries earnings call for the first quarter of the financial year 2027. We have already circulated a detailed presentation on the company's performance during the quarter, and I hope you found the information useful. I will highlight only the key points. First, I would like to quickly touch upon the operating environment that we experienced during the period under review. The quarter was characterized by a dynamic operating environment. While consumer demand remained resilient across our key categories, global businesses continue to navigate persistent geopolitical uncertainty, supply chain disruptions and inflationary pressures. Commodity markets remain volatile with currency fluctuations adding further uncertainty to input costs. Despite these macroeconomic headwinds, our focus remained on disciplined execution, prudent price actions and delivering sustainable profitable growth. Zinc prices continued to remain elevated at around $3,500 per ton compared to levels of below $3,000 per ton during a major part of last year. In addition, several key raw materials, including electrolytic manganese dioxide, electrodes, acetylene black and lighting products and components also witnessed inflationary trends. While these factors exerted pressure on our cost structure, our calibrated pricing actions and continued focus on operational efficiencies enabled us to protect our margins and maintain profitability. Page 2 of 17 Eveready Industries India Limited August 10, 2026 During Q1 FY27, Eveready delivered another quarter of resilient financial performance, marking its seventh consecutive quarter of year-on-year revenue growth. Revenue for the quarter stood at INR407.7 crores, registering a growth of 9% year-on-year. EBITDA came in at INR61.5 crores while maintaining an EBITDA margin of 15.1%. Profit after tax stood at INR37 crores, representing a growth of 22.3% over the corresponding quarter last year. These results reflect the strength of our business model and our continued focus on profitable growth. Coming to the battery business, the segment delivered another strong quarter, recording 11.9% revenue growth, supported by healthy performance across both alkaline and carbon zinc batteries. Our alkaline battery portfolio continued to be the key growth driver, delivering close to 48% volume growth during the quarter. We also strengthened our position in the premium battery segment with our market share expanding to 18% within the alkaline sector, reflecting results of our premiumization strategy. The category remains a significant long-term opportunity for Eveready, and we remain committed to strengthening our leadership position through investments in manufacturing facilities, innovation and distribution channels. Our carbon zinc battery business also delivered a stable performance, delivering volume growth commensurate to the industry. Through calibrated pricing actions and continued focus on scale efficiencies, we were able to protect profitability while reducing manufacturing costs across our legacy portfolio. An important milestone during the quarter was the commencement of commercial production at our Jammu facility on the 29th of May. The plant strengthens our manufacturing capacity, improves operating leverage and supports expansion of our alkaline battery business. The facility provided us with scale, flexibility and supply chain resilience required to support the next phase of growth. The Jammu facility also opens new opportunities in white labelling and export markets, strengthening our ambition to emerge as a globally competitive manufacturer in the alkaline battery segment. During the quarter, we also witnessed strong growth across our digital channels, particularly through Q- commerce, quick commerce and e-commerce, showcasing changing consumer buying preferences and the strength of our omnichannel distribution strategy. Moving to our flashlight business, the overall demand remained soft due to delayed onset of monsoon, which deferred seasonal demand and resulted in lower volumes of conventional battery-operated flashlight. Overall, the segment revenue declined by 6.7%. Our rechargeable flashlight portfolio remained a key growth driver, delivering over 20% revenue growth during the quarter. Growth was supported by continued product innovation, premium product offerings and increasing consumer adoption of rechargeable solutions. As consumer preferences evolve, rechargeable flashlights continue to offset the structural slowdown in the traditional battery-operated segment. Page 3 of 17 Eveready Industries India Limited August 10, 2026 We are also actively working towards expanding the usage of flashlight beyond the traditional rural and seasonal applications by developing products suited for urban consumers and newer everyday use cases, thereby broadening the addressable market for the category. We also in [Showing first 8,000 characters — download PDF for full document]